Shares of Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.14 and traded as low as $7.01. Broadway Financial shares last traded at $7.23, with a volume of 1,759 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Broadway Financial in a research note on Saturday. They issued a "sell" rating on the stock.
Read Our Latest Stock Report on BYFC
Broadway Financial Stock Performance
The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The stock has a market capitalization of $65.24 million, a PE ratio of 179.04 and a beta of 0.73. The stock has a 50 day moving average of $7.66 and a two-hundred day moving average of $7.14.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.
Institutional Trading of Broadway Financial
A number of institutional investors have recently bought and sold shares of BYFC. Wittenberg Investment Management Inc. boosted its position in Broadway Financial by 12.2% during the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company's stock worth $329,000 after purchasing an additional 5,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Broadway Financial by 29.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company's stock worth $148,000 after purchasing an additional 4,850 shares in the last quarter. Finally, M3F Inc. boosted its position in Broadway Financial by 56.7% during the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock worth $1,709,000 after purchasing an additional 90,299 shares in the last quarter. 12.12% of the stock is currently owned by hedge funds and other institutional investors.
About Broadway Financial
(
Get Free Report)
Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.
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